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Chart Of The Day: Gold, Miners Still Moving Up

Published 02/25/2016, 12:01 AM
Updated 07/09/2023, 06:31 AM

If there's one thing I've learned watching baby bulls, it's that things that look like a top often are not. At first glance, gold's reversal yesterday looks like a top, but as I write this the metal is on the move again.

I expect the miners (via HUI) will test the May high before this intermediate cycle tops.
Gold:HUI Daily

Latest comments

Looks like it has reached a local max but not a global max
selloff next week
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